First Paramount Modaraba (FPM) has announced its financial results for the nine-month period ended March 31, 2026, reporting a profit after taxation of Rs10.61 million compared to Rs15.19 million in the corresponding period last year, reflecting a decline of approximately 30%.
According to the unaudited financial statements approved by the Board of Directors of Paramount Investments Limited, the management company of First Paramount Modaraba, earnings per certificate stood at Rs0.77 compared to Rs1.10 in the same period of FY2025. The Board did not recommend any cash dividend, bonus certificates, or rights issue for the period.
Despite the decline in profitability, the Modaraba recorded growth in its core financing operations. Income from Murabaha financing increased to Rs13.12 million during the nine-month period, up from Rs10.98 million a year earlier. However, overall income from trading operations fell to Rs48.30 million from Rs56.17 million, weighing on total revenues.
Total assets rose to Rs539.76 million as of March 31, 2026, compared to Rs509.28 million at the end of June 2025. The increase was largely driven by higher Murabaha financing portfolios and growth in short-term financing activities. Cash and bank balances remained stable at Rs18.45 million.
For the quarter ended March 31, 2026, the Modaraba posted a profit after tax of Rs3.42 million, improving from Rs2.04 million recorded in the same quarter last year. Quarterly earnings per certificate increased to Rs0.25 from Rs0.15, indicating stronger performance during the latest reporting period.
On the balance sheet side, shareholders’ equity increased to Rs284.51 million from Rs273.89 million at the close of FY2025, supported by retained earnings generated during the period. Meanwhile, total liabilities stood at Rs255.25 million.
The company stated that its quarterly report for the period ended March 31, 2026, will be made available through the Pakistan Stock Exchange’s PUCARS platform and on the company’s website within the prescribed timeframe.
